#mortgage
#mortgage

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High interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.

ECB cuts key interest rates by 0.25 percentage points

ECB's rate cut to 3.4% aims to stimulate the economy as inflation slows.

Tracker mortgage holders benefit while savers face reduced interest rates.

Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again

Mortgage demand has shifted towards refinancing due to declining interest rates, though purchases remain weak compared to last year.

Mortgage originations rebounded by 23% in Q2

Mortgage originations rose significantly in Q2 2024, driven by spring demand and lower interest rates, totaling 1.62 million loans.

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

Refinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.

If These 5 Things Are True, It's Time to Refinance Your House

Refinancing can provide extra funds, but careful consideration of costs and goals is crucial.

Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now

High interest rates post-COVID create challenges for ARM homeowners. Understand terms, consider refinancing, and explore loan modifications to manage rate adjustments.

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#real-estate

The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage Rates

Homeowners are refinancing their loans as mortgage rates have dipped to 6.76%, causing a significant increase in refinancing activity.

Do I Need a Mortgage Commitment Letter? What Homebuyers Should Know

A mortgage commitment letter enhances your homebuying offer by showing financial readiness and is crucial in competitive markets.

We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?

A 20% down payment on a home can prevent PMI and help maintain liquidity for better financial opportunities.

Can I Buy a Home With No Down Payment?

The average down payment for homes has dropped to 14.5%, making home buying more accessible despite rising prices.

No-down-payment loans are available but come with limitations for eligible buyers.

AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWire

Artificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.

The hidden middlemen who cost homebuyers $12 billion and counting

Appraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.

The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage Rates

Homeowners are refinancing their loans as mortgage rates have dipped to 6.76%, causing a significant increase in refinancing activity.

Do I Need a Mortgage Commitment Letter? What Homebuyers Should Know

A mortgage commitment letter enhances your homebuying offer by showing financial readiness and is crucial in competitive markets.

We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?

A 20% down payment on a home can prevent PMI and help maintain liquidity for better financial opportunities.

Can I Buy a Home With No Down Payment?

The average down payment for homes has dropped to 14.5%, making home buying more accessible despite rising prices.

No-down-payment loans are available but come with limitations for eligible buyers.

AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWire

Artificial intelligence is reshaping the mortgage and real estate industry by increasing productivity and streamlining operations.

The hidden middlemen who cost homebuyers $12 billion and counting

Appraisal management companies (AMCs) often have hidden fees that can significantly impact homebuyers, taking a large portion of appraisal costs for themselves.

morereal-estate

#financial-services

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.

Better introduces VA refi loan with no appraisal or closing costs

Better.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.

Daniel McCoy joins Highland Residential Mortgage

Daniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.

Better introduces VA refi loan with no appraisal or closing costs

Better.com launched a streamlined refinance loan for veterans and active-duty service members, making homeownership more affordable and accessible.

Daniel McCoy joins Highland Residential Mortgage

Daniel McCoy joins Highlands Residential Mortgage as a regional construction loan manager, enhancing the firm's growth in construction lending.

morefinancial-services

#lending

TransUnion, Truework add mortgages to income verification tool

TruVision simplifies income verification for lenders amid changing market conditions.

Vice Capital Markets integrates Fannie Mae's new loan pricing API

The new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.

TransUnion, Truework add mortgages to income verification tool

TruVision simplifies income verification for lenders amid changing market conditions.

Vice Capital Markets integrates Fannie Mae's new loan pricing API

The new API streamlines the loan pricing process for lenders with a single request, enhancing efficiency and accuracy.

morelending

Union Home Mortgage hires two executive leaders

Smith transitions to a coaching role at UHM after 23 years, emphasizing legacy and collaboration.

Alonzo joins UHM to leverage technology for growth and customer satisfaction post-acquisition.

Uplist partners with Polly, offering insights to loan officers

The integration of Polly's pricing technology into Uplist significantly enhances client retention and refinance opportunities.

What is the best mortgage company to use when buying a Boston condo?

Rocket Mortgage is the recommended mortgage provider for Boston condo buyers in 2025.

First-time buyers can obtain a mortgage with a low down payment option.

UWM originated $139 billion in volume in 2024

UWM achieved a nearly 30% increase in loan production in 2024 amidst challenges, signaling strong performance and resilience.

#housing-market

Internal memo outlines DOGE's plan to gut HUD

HUD's deep budget cuts may exacerbate housing costs and disrupt markets significantly.

MBA lowers 2025 mortgage forecast for refinances

The MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.

UWM debuts new 75-bps incentive on refis

UWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.

Internal memo outlines DOGE's plan to gut HUD

HUD's deep budget cuts may exacerbate housing costs and disrupt markets significantly.

MBA lowers 2025 mortgage forecast for refinances

The MBA's revised mortgage forecast highlights an increase in purchase originations paired with a decrease in refinancing projections, indicating changing market conditions.

UWM debuts new 75-bps incentive on refis

UWM launches a new 75 basis-point incentive program for refinances to enhance competitive edge in the market.

morehousing-market

#financial-advice

How to take over a mortgage when a loved one has passed away

Inheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.

Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more right

Focus on mortgage affordability to ensure financial stability and enjoyment in life.

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Paying off a mortgage early may not provide the expected financial freedom.

Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topic

Paying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.

How much should a house down payment be?

Mortgage down payment requirements vary; 20% is common but not mandatory.

First-time homebuyers can access loans with lower down payment options.

Understanding the impact of down payment on monthly costs is crucial.

How to take over a mortgage when a loved one has passed away

Inheriting a house with an unpaid mortgage could allow you to assume the mortgage under specific conditions.

Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more right

Focus on mortgage affordability to ensure financial stability and enjoyment in life.

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Paying off a mortgage early may not provide the expected financial freedom.

Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topic

Paying off mortgage early can serve as a form of forced savings, discouraging unnecessary spending from excess cash.

How much should a house down payment be?

Mortgage down payment requirements vary; 20% is common but not mandatory.

First-time homebuyers can access loans with lower down payment options.

Understanding the impact of down payment on monthly costs is crucial.

morefinancial-advice

#homeownership

Tax Benefits of Owning a Home: Tax Breaks, Incentives, and More

Homeownership offers significant tax benefits that can save homeowners thousands of dollars each year.

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Paying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.

Rocket plays the long game with its renter rewards program

Rocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.

'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'

Restructuring mortgage repayments can significantly shorten loan duration.

Solar panels can aid in reducing monthly electricity expenses.

Rewriting The American Dream Of Home Ownership Boston Condos For Sale Ford Realty

Renters' homeownership optimism hit a record low with rising rental costs and home prices, hindering the transition to home ownership.

Can you get a home loan with bad credit?

Credit score influences mortgage approval and interest rates; lower scores mean higher rates. Bad credit doesn't prevent homeownership.

Different credit scores are considered for mortgage applications, FICO score is crucial, but requirements vary among lenders.

Tax Benefits of Owning a Home: Tax Breaks, Incentives, and More

Homeownership offers significant tax benefits that can save homeowners thousands of dollars each year.

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Paying off a mortgage early provides emotional relief, stability, and financial flexibility despite having a low-interest rate.

Rocket plays the long game with its renter rewards program

Rocket Mortgage offers a customer-friendly mortgage option without additional markups, targeting renters to encourage homeownership.

'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'

Restructuring mortgage repayments can significantly shorten loan duration.

Solar panels can aid in reducing monthly electricity expenses.

Rewriting The American Dream Of Home Ownership Boston Condos For Sale Ford Realty

Renters' homeownership optimism hit a record low with rising rental costs and home prices, hindering the transition to home ownership.

Can you get a home loan with bad credit?

Credit score influences mortgage approval and interest rates; lower scores mean higher rates. Bad credit doesn't prevent homeownership.

Different credit scores are considered for mortgage applications, FICO score is crucial, but requirements vary among lenders.

morehomeownership

#vishal-garg

Better.com reports 400% growth for HELOC business

Better's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.

Better.com continues to invest in AI even as its earnings suffer

Better Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.

Better.com reports 400% growth for HELOC business

Better's HELOC product leverages advanced technology for rapid approvals and high approval rates in a competitive market.

Better.com continues to invest in AI even as its earnings suffer

Better Home & Finance's Q3 2024 net loss highlights ongoing investments in AI, with future implications for mortgage processing efficiency.

morevishal-garg

#financial-planning

This factor can get your mortgage application denied even if you're a high earner

Understanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.

I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?

More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.

I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?

Paying off mortgage debt can be wise, but could result in regret if stocks outperform.

Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do First

Prioritize retirement savings over early mortgage repayment for greater financial security.

Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra forms

Self-employment increases mortgage challenges due to income variability and stricter lender criteria.

This factor can get your mortgage application denied even if you're a high earner

Understanding your debt-to-income ratio is essential for securing a mortgage, as it is the primary measure of your repayment capability.

I'm 60 years old and am considering taking a big chunk of an old 401(k) to pay off my mortgage - is this silly or brilliant?

More retirees carry mortgages than ever, complicating their financial situations as they try to enjoy their later years.

I already have $5 million saved for retirement - should I pay off my 5.87% mortgage with the big chunk of cash I have?

Paying off mortgage debt can be wise, but could result in regret if stocks outperform.

Save for Retirement vs Pay Down a Mortgage: Here's What You Should Do First

Prioritize retirement savings over early mortgage repayment for greater financial security.

Yes, you can get a mortgage if you're self-employed - but get ready to fill out a few extra forms

Self-employment increases mortgage challenges due to income variability and stricter lender criteria.

morefinancial-planning

This is the minimum amount of money you need to buy a house

Understanding the costs involved in buying a house is crucial to prevent time wasted on unsuitable properties.

Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year

Homeowners can reduce their taxable income by using Form 1098 for mortgage interest deductions.

#fha

Mortgage groups push FHA for loss mitigation extension

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.

FHA updates loss-mitigation waterfall in new servicing guidance

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.

Mortgage groups push FHA for loss mitigation extension

The coalition urges the FHA to extend the loss-mitigation waterfall to February 2026 for effective policy implementation.

FHA updates loss-mitigation waterfall in new servicing guidance

FHA's new Mortgagee Letter 2025-06 extends COVID-related recovery options to February 2026, facilitating updates to loss mitigation strategies.

FHA proposes updates to partial claim payoff statements

FHA proposes changes to clarify the management of partial claims for mortgage borrowers and lenders, enhancing understanding and operational efficiency.

morefha

#leadership

Lower's Dan Snyder on building a successful mortgage company

Dan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.

loanDepot promotes former MLB star to regional vice president

Bart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.

Lower's Dan Snyder on building a successful mortgage company

Dan Snyder emphasizes the importance of a balanced partnership in building successful companies in the mortgage industry.

loanDepot promotes former MLB star to regional vice president

Bart Evans has been promoted to regional vice president at loanDepot, emphasizing community-focused lending in growing markets like Alabama, Arkansas, and Tennessee.

moreleadership

A mortgage firm denies Miami metro area racist redlining - but will pay $1.75 million

The Mortgage Firm settled with the DOJ over redlining accusations but insists it did not violate any laws.

See the moment mom learns her son paid off her mortgage for Christmas

Levi Ohanenye surprised his mother by paying off her mortgage, celebrating her sacrifices and hard work over the years.

Explainer: What happens to your mortgage after a disaster?

Homeowners should not make mortgage payments if their home is significantly damaged, relying primarily on insurance for relief.

CHLA urges CFPB action on trigger leads after legislative effort fails

CHLA calls for urgent CFPB action against abusive mortgage trigger leads after legislative measures have been removed from the NDAA.

#fico

Prices for FICO scores are predicted to rise again in 2025

Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).

It's official! FICO raises score price to $4.95 for mortgage lenders

FICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.

Prices for FICO scores are predicted to rise again in 2025

Mortgage credit-score costs are expected to rise in 2025 due to increased home loan applications and changes in pricing by Fair Isaac Corp. (FICO).

It's official! FICO raises score price to $4.95 for mortgage lenders

FICO increased its mortgage score royalty from $3.50 to $4.95, maintaining a small percentage of overall mortgage closing costs.

morefico

Property data collection-based appraisal waivers, UPD and the future of appraisals

Appraisal waivers are essential for lenders to reduce collateral risk and accelerate loan processes in the current mortgage landscape.

Widow will be 91 when mortgage term ends as loan service firm told to give her new interest rate of just 0.5pc

A 36-year mortgage at 0.5% interest offers new hope for homeowners in financial distress.

Exclusive: AI mortgage startup LoanSnap loses license to operate in Connecticut

LoanSnap's license was revoked in Connecticut for violating state law and a prior consent order.

Ulster Bank wins tracker mortgage appeal in case that has implications for thousands of borrowers

Borrowers lost their right to a tracker mortgage after switching to a fixed rate, according to a recent Court of Appeal ruling.

Five stupid money mistakes that can get your mortgage denied

It's crucial to avoid financial mistakes between offer acceptance and closing to prevent changes in mortgage terms or denials.

Foreclosures expected to grow slowly the rest of 2024: Auction.com

Foreclosures expected to rise slightly in the second half of 2024, but home equity likely to prevent many properties from moving into foreclosure status.

Here's where your credit score should be to buy a house

Having a high credit score aids in qualifying for large loans like mortgages. Minimum credit score requirements vary but knowing them can benefit prospective homebuyers.

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#mortgage#mortgage

What is PMI and Do You Need to Pay it?

Buying a house: The process explained step-by-step

Should I pay off my mortgage early if this isn't my forever home?

What credit score is needed to buy a house?

At 37 with nearly $1 million in cash, I'm cautious about upgrading my home - am I too conservative?

Blue Ridge Bankshares is selling its mortgage banking division

What is PMI and Do You Need to Pay it?

Buying a house: The process explained step-by-step

Should I pay off my mortgage early if this isn't my forever home?

What credit score is needed to buy a house?

At 37 with nearly $1 million in cash, I'm cautious about upgrading my home - am I too conservative?

Blue Ridge Bankshares is selling its mortgage banking division

Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Rithm SPAC raises $230M for future M&A deal

Oklahoma-based Bank7 acquires First American Mortgage

Rocket Companies to acquire Mr. Cooper in bombshell $9.4B deal

Rithm SPAC raises $230M for future M&A deal

Oklahoma-based Bank7 acquires First American Mortgage

The latest niche workplace benefit? Helping workers get a mortgage

ECB cuts key interest rates by 0.25 percentage points

Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again

Mortgage originations rebounded by 23% in Q2

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

If These 5 Things Are True, It's Time to Refinance Your House

Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now

ECB cuts key interest rates by 0.25 percentage points

Mortgage refinance demand is 94% higher than a year ago, as interest rates fall again

Mortgage originations rebounded by 23% in Q2

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

If These 5 Things Are True, It's Time to Refinance Your House

Do you have an adjustable-rate mortgage? The clock is ticking, here's what you need to do right now

The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage Rates

Do I Need a Mortgage Commitment Letter? What Homebuyers Should Know

We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?

Can I Buy a Home With No Down Payment?

AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWire

The hidden middlemen who cost homebuyers $12 billion and counting

The 5 Cities Where Homeowners Are Taking Advantage of Lower Mortgage Rates

Do I Need a Mortgage Commitment Letter? What Homebuyers Should Know

We make good incomes and just had our offer accepted on a $1.5 million home - how much money should we put down?

Can I Buy a Home With No Down Payment?

AI takes the lead: Why mortgage and real estate tech leaders are betting big on AI - HousingWire

The hidden middlemen who cost homebuyers $12 billion and counting

FOA's Kristen Sieffert talks about growing the business in 2025

Better introduces VA refi loan with no appraisal or closing costs

Daniel McCoy joins Highland Residential Mortgage

FOA's Kristen Sieffert talks about growing the business in 2025

Better introduces VA refi loan with no appraisal or closing costs

Daniel McCoy joins Highland Residential Mortgage

TransUnion, Truework add mortgages to income verification tool

Vice Capital Markets integrates Fannie Mae's new loan pricing API

TransUnion, Truework add mortgages to income verification tool

Vice Capital Markets integrates Fannie Mae's new loan pricing API

Union Home Mortgage hires two executive leaders

Uplist partners with Polly, offering insights to loan officers

What is the best mortgage company to use when buying a Boston condo?

UWM originated $139 billion in volume in 2024

Internal memo outlines DOGE's plan to gut HUD

MBA lowers 2025 mortgage forecast for refinances

UWM debuts new 75-bps incentive on refis

Internal memo outlines DOGE's plan to gut HUD

MBA lowers 2025 mortgage forecast for refinances

UWM debuts new 75-bps incentive on refis

How to take over a mortgage when a loved one has passed away

Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more right

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topic

How much should a house down payment be?

How to take over a mortgage when a loved one has passed away

Dave Ramsey says 'don't give into the temptation to buy a home you can't afford' - and he couldn't be more right

My partner and I paid off our mortgage early even though our financial advisor told us not to. Sometimes, I regret it.

Should I pay off my mortgage or save the cash? Dave Ramsey weighs in on this hot topic

How much should a house down payment be?

Tax Benefits of Owning a Home: Tax Breaks, Incentives, and More

Should You Ever Pay Off a Low-Interest Mortgage Early? The Pros and Cons

Rocket plays the long game with its renter rewards program

'By just restructuring the payments, we knocked seven years off our mortgage and saved about 40,000 in interest'

Rewriting The American Dream Of Home Ownership Boston Condos For Sale Ford Realty

Can you get a home loan with bad credit?

#mortgage
#mortgage